From Town Criers to Bloggers: How Will Journalism Survive the Internet Age? #544505-00016

Submission Number:
mr dave Aiello
agarom partners llc
Initiative Name:
From Town Criers to Bloggers: How Will Journalism Survive the Internet Age?
Dear Federal Trade Commission staff; My suggestion and biggest concern is avoiding the current trend towards media consolidation The FCC should be concerned about this when it relates to the public airwaves, but the FTC should also be concerned on how it affects competition and governments providing franchise agreements for companies that use the public right of way to deliver television and telecommunications. The public right of way issue also needs to be considered in terms of making sure that public access television, news, and emergency information is given a proper chance to flourish in this new media ecosphere. Old media is labored under the weight of legacy issues of debt and an overall lack of innovation. New markets are being developed for the next generation of users. New media companies, such as ours, are striving hard to develop platforms for knowledge exchange, using traditional news sources, combined with newer sources, verified and edited, ( and paid for) to deliver unique content and knowledge in a effective and trustworthy way. Stakeholders in this model are local communities, local governments,and the people that live and work in those communities. They consume, they pay taxes locally and they support the community where they live. Big media mergers have ultimately failed its smaller, local markets. Consolidation of media in fewer corporate hands, does nothing but destroy value, as is proven by the results of most big media mergers and acquisitions in the past two decades- which have proven to lose shareholder value. And if shareholders lost, what did the local communities then lose? But there are examples of where successful industry models have delivered at the hyper local level, why not media? Knowledge and information must be allowed and regulated in order to flow freely to the smallest points, to benefit the common good, for all people to benefit from, and at all income levels. And incentives to encourage citizen involvement are the best way to foster competition. Please encourage and incentive more innovative uses for our general knowledge distribution. News and knowledge will follow. Net Neutrality goes hand in hand with this basic right, and as such, are intertwined with the next generation of the media industries' evolution. The highways of information must always stay open, at as low a cost as possible and be available for any and all, to educate, inform and better our communities. Innovation will follow and rejuvenate. Sincerely, David Aiello